Dominion Energy Inc (NYSE:D) Shares Bought by The Manufacturers Life Insurance Company

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The Manufacturers Life Insurance Company lifted its holdings in shares of Dominion Energy Inc (NYSE:D) by 4.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,326,052 shares of the utilities provider’s stock after buying an additional 61,157 shares during the period. The Manufacturers Life Insurance Company’s holdings in Dominion Energy were worth $101,655,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in D. Valeo Financial Advisors LLC increased its stake in shares of Dominion Energy by 6.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 136 shares during the last quarter. Dividend Assets Capital LLC increased its stake in shares of Dominion Energy by 2.4% in the 1st quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 136 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Dominion Energy by 12.8% in the 1st quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 140 shares during the last quarter. Smithfield Trust Co. increased its stake in shares of Dominion Energy by 1.1% in the 1st quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock worth $981,000 after acquiring an additional 140 shares during the last quarter. Finally, Delta Asset Management LLC TN increased its stake in shares of Dominion Energy by 1.3% in the 1st quarter. Delta Asset Management LLC TN now owns 10,780 shares of the utilities provider’s stock worth $826,000 after acquiring an additional 140 shares during the last quarter. 63.82% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on D shares. ValuEngine upgraded Dominion Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. Macquarie cut Dominion Energy from an “outperform” rating to a “neutral” rating in a report on Monday, March 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Monday, April 8th. Mizuho started coverage on Dominion Energy in a report on Monday, March 11th. They set a “neutral” rating and a $76.00 price target for the company. Finally, Credit Suisse Group started coverage on Dominion Energy in a report on Friday, April 12th. They set a “neutral” rating and a $78.00 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.00.

Dominion Energy stock traded up $1.20 during midday trading on Wednesday, reaching $75.11. 341,110 shares of the stock traded hands, compared to its average volume of 4,279,559. Dominion Energy Inc has a 12-month low of $63.05 and a 12-month high of $78.31. The stock has a market capitalization of $60.81 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 3.70 and a beta of 0.26. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.61 and a quick ratio of 0.44.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy Inc will post 4.19 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, June 6th. Dominion Energy’s dividend payout ratio (DPR) is 90.62%.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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